Credit Wise Capital raises $24m to expand retail and MSME lending in India

By Puja Sharma

Capital to fuel expansion across two-wheeler financing, secured loans, and tech-driven credit enablement in Tier 2–4 Indian cities

Credit Wise Capital, a Mumbai-based NBFC specialising in two-wheeler and MSME lending, has secured an investment of approximately $14.5 million (₹120 crore) from Trident Growth Partners, a private capital firm focused on India’s consumption-driven growth.

This investment marks Credit Wise Capital’s first institutional round. It will significantly support the company’s expansion in two-wheeler financing, secured loans, and proprietary credit enablement solutions across India’s underserved Tier 2–4 cities. The funding will also support the company’s long-term ambition to become a category-defining credit institution across emerging India, with a sharp focus on affordability and tech-led efficiency in credit delivery.

The fresh capital will be used to triple the company’s assets under management over the next three years, expand its lending portfolio, and strengthen its technology infrastructure. As of March 2025, Credit Wise Capital reported an AUM of approximately $77.7 million (₹645 crore), up from $59 million (₹489 crore) in March 2024. The company’s capital adequacy ratio stood at 31.2%, with a gearing of 2.3 times, and the number of two-wheelers financed had exceeded 200,000.

“We are thrilled to have Trident Growth Partners join us as a long-term strategic partner,” said Aalesh Avlani, Co-founder, Credit Wise Capital. “Their confidence in our vision reinforces our belief that credit access in small-town India is not just a market opportunity, it’s a structural need. This capital will enable us to reach more customers, strengthen our tech stack, and bring formal finance closer to those who have been excluded for too long.

Gurpreet Singh Sodhi, Co-founder, added, “We are delighted to welcome Trident Growth Partners as a strategic partner who shares our long-term vision. Along with growth capital, TGP brings deep experience and strategic insight that will enhance our execution capabilities. Their investment reaffirms our belief in leveraging technology, combined with local insights and disciplined operations, to create a transformative impact on the lending ecosystem.”

With this partnership, Credit Wise Capital aims to scale its two-wheeler and MSME lending businesses, strengthen technology infrastructure, and continue building a simple, fast, and customer-first lending experience. The broader goal is to become an integral part of customers’ financial journeys, enabling them to achieve aspirations through responsible and inclusive credit access.